Bayarkhuu

Bayarkhuu is 45 years old and lives with her husband and two children in Ulaanbaatar, the capital city of Mongolia. She and her family live together in a ger, the Mongolian nomadic tent. She operates a carpentry business with her husband in their home province. Her husband and oldest son manufacture wooden furniture and Bayarkhuu helps with the business. They produce a variety of wooden furniture products including chairs, tables, sofas and wardrobes.

Bayarkhuu also operates a retail business and purchases a variety of furniture from Ereen (Erenhot), a Chinese border city, and resells it for a profit. Bayarkhuu and her husband have gained valuable experience in previous years and have a loyal customer base. She and her husband have been planning to expand their production line and increase their sales. She likes to say, “Nothing is impossible.” She is requesting a loan to purchase furniture from Ereen.

Additional Information

About Credit Mongol

Credit Mongol is the largest non-banking financial institution (NBFI) in Mongolia. Its mission is to contribute to the prosperity of Mongolians by providing high-quality, affordable and varied financial services to micro-entrepreneurs and small-to-medium-sized businesses. It prioritizes serving remote, rural populations that have typically lacked access to credit and other financial services. Uniquely, it offers solar panel loans to nomadic herders, most of whom live without electricity.